#Ethereum Price Analysis: Correction to $1,300–$1,500 Before Potential Rise to $2,500–$2,800
Let’s break down why Ethereum (ETH) might correct to the $1,300–$1,500 range and then potentially rise to $2,500–$2,800 (with increased risk beyond that).
Technical Analysis
On the ETH/USDC 5-day timeframe chart from Coinbase, key points confirm a correction to $1,300–$1,500:
1. Correction Target: $1,300–$1,500 ("Coinbase orders")
• Limit orders were placed on Coinbase before the drop.
2. Hyperliquid Liquidation Map
• According to the Hyperliquid Liquidation Map, the liquidation level for long traders is at $1,337.00, within the target zone of $1,300–$1,500.
• A price drop to this level could trigger a cascade of liquidations, and market makers might accumulate positions at the lowest prices, specifically in the liquidation area.
3. Elliott Waves
• We’re completing the 5th wave and starting to form a reversal. This event will roughly coincide with the S&P 500’s reversal.
What Event Could Trigger the Correction?
• An expected Bitcoin correction to $70,000–$76,000 could trigger Ethereum’s drop, as the altcoin market historically follows BTC.
• I’ve previously shared this Bitcoin idea; we’re waiting for it.
Potential Targets for Ethereum Before a Global Downturn
Look for an exit point in this area: $2,500.00–$2,800.00
➖ This is approximately the 61.8% Fibonacci level
➖ A significant area according to the Volume Profile
➖ Large sell orders on Binance at $2,500, $2,800, and $3,000
➖ On Coinbase, they’re getting smarter and splitting orders into 500–600 ETH.
➡️ In Summary for Ethereum
This makes the $1,300–$1,500 range attractive for buying the dip.
Let’s break down why Ethereum (ETH) might correct to the $1,300–$1,500 range and then potentially rise to $2,500–$2,800 (with increased risk beyond that).
Technical Analysis
On the ETH/USDC 5-day timeframe chart from Coinbase, key points confirm a correction to $1,300–$1,500:
1. Correction Target: $1,300–$1,500 ("Coinbase orders")
• Limit orders were placed on Coinbase before the drop.
2. Hyperliquid Liquidation Map
• According to the Hyperliquid Liquidation Map, the liquidation level for long traders is at $1,337.00, within the target zone of $1,300–$1,500.
• A price drop to this level could trigger a cascade of liquidations, and market makers might accumulate positions at the lowest prices, specifically in the liquidation area.
3. Elliott Waves
• We’re completing the 5th wave and starting to form a reversal. This event will roughly coincide with the S&P 500’s reversal.
What Event Could Trigger the Correction?
• An expected Bitcoin correction to $70,000–$76,000 could trigger Ethereum’s drop, as the altcoin market historically follows BTC.
• I’ve previously shared this Bitcoin idea; we’re waiting for it.
Potential Targets for Ethereum Before a Global Downturn
Look for an exit point in this area: $2,500.00–$2,800.00
➖ This is approximately the 61.8% Fibonacci level
➖ A significant area according to the Volume Profile
➖ Large sell orders on Binance at $2,500, $2,800, and $3,000
➖ On Coinbase, they’re getting smarter and splitting orders into 500–600 ETH.
➡️ In Summary for Ethereum
This makes the $1,300–$1,500 range attractive for buying the dip.
تم فتح الصفقة
The #Ethereum trade is still active, the targets remain the same.أغلقت الصفقة: تم الوصول للهدف
Ethereum is almost exactly $2500.00, target reached. I’ll wait, observe, and look for entry points.
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Trade ➖ Crypto, US Stocks (up to 25x leverage), Gold, Silver, Oil, Gas:
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Telegram or Donate:
t.me/StockWhaleX/88
Trade ➖ Crypto, US Stocks (up to 25x leverage), Gold, Silver, Oil, Gas:
BingX:
bingx.com/partner/sergiorichi/3wfPhC
Bybit:
partner.bybit.com/b/stockwhalex
t.me/StockWhaleX/88
Trade ➖ Crypto, US Stocks (up to 25x leverage), Gold, Silver, Oil, Gas:
BingX:
bingx.com/partner/sergiorichi/3wfPhC
Bybit:
partner.bybit.com/b/stockwhalex
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.